Meed Foundation Inc
- Assets
- $8.2m
- Revenue
- $385.1k
- Investments
- $4.7m
- Employees
- 0
- Location
- Tampa, FL
- Founding
- 01/2017
- Data as of
- 12/2023
- EIN
- 81-4385044
Organization Overview
Meed Foundation Inc is located in Tampa, FL. The organization was established in 2017. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Meed Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Meed Foundation Inc generated $385.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (25.3%) each year. All expenses for the organization totaled $659.5k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Meed Foundation Inc has awarded 116 individual grants totaling $2,887,916. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth A Redmond Director, President | 1 | $0 | |
Emily R Childers Director, Vice-President | 1 | $0 | |
David L Redmond Director, Treasurer | 3 | $0 | |
Millie A Redmond Director, Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $122,966 |
| Interest on Savings | $0 |
| Dividends & Interest | $194,541 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $21,000 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $46,572 |
| Total Revenue | $385,079 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,979 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $7,803 |
| Total operating and administrative expenses | $52,731 |
| Contributions, gifts, grants paid | $606,771 |
| Total expenses and disbursements | $659,502 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $121,865 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $2,650,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $705,145 |
| Total assets | $8,210,499 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Meed Foundation Inc has awarded $606,771 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
BOYS AND GIRLS CLUBS OF TAMPA BAY PURPOSE: GENERAL SUPPORT OF CHARITABLE PROGRAMS | $5,000 |
CREATED WOMEN INC PURPOSE: GENERAL SUPPORT OF CHARITABLE PROGRAMS | $10,000 |
DSU HERITAGE FOUNDATION PURPOSE: GENERAL SUPPORT OF CHARITABLE PROGRAMS | $2,500 |
GLOBAL TEEN CHALLENGE INC PURPOSE: GENERAL SUPPORT OF CHARITABLE PROGRAMS | $20,000 |
FIRST STEPS INC PURPOSE: GENERAL SUPPORT OF CHARITABLE PROGRAMS | $5,000 |
HARDING ACADEMY PURPOSE: GENERAL SUPPORT OF CHARITABLE PROGRAMS | $5,150 |